PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC: Form 990PF, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- PHILIP E AND CAROLE R RATCLIFFE FOUNDATION INC (EIN 82-0568453)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-10-09
- IRS object ID
- 202432839349100308
- Schema version
- 2023v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Accounting Fees Schedule
- Depreciation Schedule
- Investments Corp Bonds Schedule
- Investments Corp Stock Schedule
- Investments Other Schedule2
- Land Etc Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Income Schedule2
- Other Increases Schedule
- Other Notes Loans Rcvbl Short Sch2
- Other Professional Fees Schedule
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-09T12:30:45-04:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 814693463 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COMPASS US ACCOUNTANTS & ADVISORS | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 130 ADMIRAL COCHRANE DR SUITE 200 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 214017368 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 820568453 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PHILIP E AND CAROLE R RATCLIFFE | BusinessNameLine1Txt |
| Business Name Line2 | FOUNDATION INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PHIL | BusinessNameControlTxt |
| Phone | 6674587991 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST ST SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARLENE M CASSIDY | PersonNm |
| Person Title | CHIEF EXEC OFFICER | PersonTitleTxt |
| Phone | 6674587991 | PhoneNum |
| Signature | 2024-10-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | THADDEUS N TOAL CPA | PreparerPersonNm |
| PTIN | P00780668 | PTIN |
| Phone | 4102240343 | PhoneNum |
| Preparation | 2024-10-09 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $58,470,579 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Interest On Sav Rev And Expnss | $421,148 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $420,594 | InterestOnSavNetInvstIncmAmt |
| Dividends Rev And Expnss | $1,009,433 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $1,009,433 | DividendsNetInvstIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,630,043 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $22,930,462 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $1,630,043 | CapGainNetIncmNetInvstIncmAmt |
| Other Income Rev And Expnss | $69,481 | OtherIncomeRevAndExpnssAmt |
| Other Income Net Invst Incm | $69,481 | OtherIncomeNetInvstIncmAmt |
| Total Rev And Expnss | $3,130,105 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $3,129,551 | TotalNetInvstIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $135,000 | CompOfcrDirTrstRevAndExpnssAmt |
| Oth Empl Slrs Wgs Rev And Expnss | $213,273 | OthEmplSlrsWgsRevAndExpnssAmt |
| Oth Empl Slrs Wgs Dsbrs Chrtbl | $213,273 | OthEmplSlrsWgsDsbrsChrtblAmt |
| Pension Empl Bnft Rev And Expnss | $41,426 | PensionEmplBnftRevAndExpnssAmt |
| Pension Empl Bnft Dsbrs Chrtbl | $17,176 | PensionEmplBnftDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $2,700 | LegalFeesRevAndExpnssAmt |
| Accounting Fees Rev And Expnss | $41,759 | AccountingFeesRevAndExpnssAmt |
| Other Prof Fees Rev And Expnss | $309,000 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $299,709 | OtherProfFeesNetInvstIncmAmt |
| Taxes Rev And Expnss | $60,852 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $488 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $39,328 | TaxesAdjNetIncmAmt |
| Deprec And Dpltn Rev And Expnss | $1,409 | DeprecAndDpltnRevAndExpnssAmt |
| Occupancy Rev And Expnss | $29,911 | OccupancyRevAndExpnssAmt |
| Trav Conf Meeting Rev And Expnss | $21,979 | TravConfMeetingRevAndExpnssAmt |
| Other Expenses Rev And Expnss | $68,242 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Dsbrs Chrtbl | $12,760 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $925,551 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $300,197 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $39,328 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $243,209 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $4,385,491 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $7,970,567 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $5,311,042 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $300,197 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $39,328 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $8,213,776 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | -$2,180,937 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $2,829,354 | NetInvestmentIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sav And Temp Cash Invst BOY | $1,933,138 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $1,939,982 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $1,939,982 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $22,276 | OtherNtsAndLoansRcvblAmt |
| Other Nts And Loans Rcvbl BOY | $22,276 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $22,276 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $22,276 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $68,000 | PrepaidExpensesBOYAmt |
| Prepaid Expenses EOY | $8,205 | PrepaidExpensesEOYAmt |
| Prepaid Expenses EOYFMV | $8,205 | PrepaidExpensesEOYFMVAmt |
| Corporate Stock BOY | $40,996,311 | CorporateStockBOYAmt |
| Corporate Stock EOY | $34,803,628 | CorporateStockEOYAmt |
| Corporate Stock EOYFMV | $44,224,501 | CorporateStockEOYFMVAmt |
| Corporate Bonds BOY | $9,917,697 | CorporateBondsBOYAmt |
| Corporate Bonds EOY | $10,224,603 | CorporateBondsEOYAmt |
| Corporate Bonds EOYFMV | $9,919,864 | CorporateBondsEOYFMVAmt |
| Other Investments BOY | $2,340,896 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $2,355,751 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $2,355,751 | OtherInvestmentsEOYFMVAmt |
| Land Bldg Equip Cost Or Other Bss | $19,394,190 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $4,297 | LandBldgEquipAccumDeprecAmt |
| Land BOY | $19,268,827 | LandBOYAmt |
| Land EOY | $19,389,893 | LandEOYAmt |
| Other Assets BOY | $4,765 | OtherAssetsBOYAmt |
| Other Assets EOY | $4,765 | OtherAssetsEOYAmt |
| Total Assets BOY | $74,551,910 | TotalAssetsBOYAmt |
| Total Assets EOY | $68,749,103 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $58,470,579 | TotalAssetsEOYFMVAmt |
| Accounts Payable BOY | $3,060 | AccountsPayableBOYAmt |
| Accounts Payable EOY | $4,373 | AccountsPayableEOYAmt |
| Grants Payable BOY | $12,355,623 | GrantsPayableBOYAmt |
| Grants Payable EOY | $8,770,547 | GrantsPayableEOYAmt |
| Total Liabilities BOY | $12,358,683 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $8,774,920 | TotalLiabilitiesEOYAmt |
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
| No Donor Rstr Net Assests BOY | $62,193,227 | NoDonorRstrNetAssestsBOYAmt |
| No Donor Rstr Net Assests EOY | $59,974,183 | NoDonorRstrNetAssestsEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $62,193,227 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $59,974,183 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $74,551,910 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $68,749,103 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $62,193,227 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | -$2,180,937 | ExcessRevenueOverExpensesAmt |
| Other Increases | $22,472 | OtherIncreasesAmt |
| Subtotal | $60,034,762 | SubtotalAmt |
| Other Decreases | $60,579 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $59,974,183 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (27 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | Gross Sales PriceGrossSalesPriceAmt | Cost Or Other BasisCostOrOtherBasisAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|
| ML 9007 ST COVERED | P | $612,825 | $608,079 | $4,746 | $4,746 |
| MS RF 1870 ST COVERED | P | $33,241 | $39,313 | -$6,072 | -$6,072 |
| ML 9007 LT COVERED | P | $5,964,482 | $5,125,164 | $839,318 | $839,318 |
| MS RF 1870 LT COVERED | P | $319,211 | $249,910 | $69,301 | $69,301 |
| GS MAIN 0570 ST COVERED | P | $613,104 | $603,239 | $9,865 | $9,865 |
| MS RF 1871 ST COVERED | P | $23,212 | $24,503 | -$1,291 | -$1,291 |
| GS MAIN 0570 LT COVERED | P | $2,002,997 | $1,682,440 | $320,557 | $320,557 |
| MS RF 1871 LT COVERED | P | $113,561 | $98,235 | $15,326 | $15,326 |
| GS GOV CORP 1138 ST COVERED | P | $52,297 | $51,756 | $541 | $541 |
| MS RF 1872 ST COVERED | P | $96,806 | $86,684 | $10,122 | $10,122 |
| GS GOV CORP 1138 LT COVERED | P | $1,615,804 | $1,679,973 | -$64,169 | -$64,169 |
| MS RF 1872 LT COVERED | P | $170,998 | $114,570 | $56,428 | $56,428 |
| GS GOV CORP 1138 : 227,300 US TREAS. | P | $219,961 | $218,274 | $1,687 | $1,687 |
| MS RF 9381 ST COVERED | P | $732,389 | $698,708 | $33,681 | $33,681 |
| GS APERIO 7253 ST COVERED | P | $114,471 | $117,668 | -$3,197 | -$3,197 |
| MS RF 9381 LT COVERED | P | $771,704 | $633,013 | $138,691 | $138,691 |
| GS APERIO 7253 LT COVERED | P | $191,884 | $112,327 | $79,557 | $79,557 |
| K-1 QUESTMARK PARTNERS | P | $44,214 | -$44,214 | -$44,214 | |
| MS RF 1453 ST COVERED | P | $366,325 | $368,014 | -$1,689 | -$1,689 |
| K-1 VINTAGE IX | P | $115 | -$115 | -$115 | |
| MS RF 1453 LT COVERED | P | $5,601,900 | $6,157,143 | -$555,243 | -$555,243 |
| K-1 BLACKSTONE (PER HOLDINGS) | P | $4,662 | $4,662 | $4,662 | |
| MS RF 1868 LT COVERED | P | $981,842 | $931,454 | $50,388 | $50,388 |
| PINNACLE CARE STOCK | P | $722,656 | $500,000 | $222,656 | $222,656 |
| MS RF 1869 ST COVERED | P | $389,238 | $327,031 | $62,207 | $62,207 |
| MS RF 1869 LT COVERED | P | $1,194,834 | $827,647 | $367,187 | $367,187 |
| MS RF 1869 LT: 105,000 APPLE INC | P | $20,058 | $945 | $19,113 | $19,113 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $1,630,043 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $1,630,043 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $39,328 | InvestmentIncomeExciseTaxAmt |
| Subtotal | $39,328 | SubtotalAmt |
| Tax Based On Investment Income | $39,328 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $47,129 | EstimatedPlusOvpmtIncmTxAmt |
| Total Payments And Credits | $47,129 | TotalPaymentsAndCreditsAmt |
| Overpayment | $7,801 | OverpaymentAmt |
| Applied To ES Tax | $7,801 | AppliedToESTaxAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | false | LegislativePoliticalActyInd |
| More Than100 Spent | false | MoreThan100SpentInd |
| Form1120 POL Filed | false | Form1120POLFiledInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | false | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (true) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (true) | AtLeast5000InAssetsInd |
| Org Report Or Register State | MD | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (true) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | false | PrivateOperatingFoundationInd |
| New Substantial Contributors | false | NewSubstantialContributorsInd |
| Own Controlled Entity | false | OwnControlledEntityInd |
| Donor Advised Fund | Yes (true) | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (true) | ComplyWithPublicInspRqrInd |
| Website Address | WWW.RATCLIFFEFOUNDATION.COM | WebsiteAddressTxt |
| Individual With Books | CARLENE M CASSIDY | IndividualWithBooksNm |
| Phone | 6674587991 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST STREET SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | false | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | false | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | false | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | false | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | false | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | false | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | false | PaymentToGovernmentOfficialInd |
| Undistributed Income PY | false | UndistributedIncomePYInd |
| Business Holdings | false | BusinessHoldingsInd |
| Jeopardy Investments | false | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | false | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | false | InfluenceLegislationInd |
| Influence Election | false | InfluenceElectionInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Noncharitable Purpose | false | NoncharitablePurposeInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| JAMES D WRIGHT | ||||||||
| 6445 CLOISTER GATE DRIVE | BALTIMORE | MD | 21212 | PRESIDENT | 5.00 | $75,000 | $0 | $0 |
| TINA DAVENPORT | ||||||||
| 275 WEST STREET SUITE 109 | ANNAPOLIS | MD | 21401 | TRUSTEE | 5.00 | $60,000 | $0 | $0 |
| JAMES A CLAUSON | ||||||||
| 2613 CABOVER DRIVE | HANOVER | MD | 21076 | TRUSTEE | 1.00 | $0 | $0 | $0 |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CARLENE M CASSIDY | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 25 UPSHUR AVENUE | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 214034506 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Title | CHIEF EXEC O | TitleTxt |
| Average Hrs Per Wk Devoted To Pos | 40.00 | AverageHrsPerWkDevotedToPosRt |
| Compensation | $185,873 | CompensationAmt |
| Employee Benefits | $24,250 | EmployeeBenefitsAmt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MORGAN STANLEY | |||||
| 1585 BROADWAY | NEW YORK | NY | 10036 | INVESTMENT SVCS | $116,289 |
| MERRILL LYNCH | |||||
| 200 PARK AVE 13TH FLOOR | NEW YORK | NY | 10166 | INVESTMENT SVCS | $88,890 |
| GOLDMAN SACS | |||||
| 200 WEST STREET | NEW YORK | NY | 10282 | INVESTMENT SVCS | $63,991 |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | N/A | Description1Txt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $57,119,904 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $1,580,105 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $0 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $58,700,009 | TotalFMVOfUnusedAssetsAmt |
| Adjusted Total FMV Of Unused Ast | $58,700,009 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $880,500 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $57,819,509 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $2,890,975 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | $2,890,975 | MinimumInvestmentReturnAmt |
| Tax Based On Investment Income | $39,328 | TaxBasedOnInvestmentIncomeAmt |
| Total Tax | $39,328 | TotalTaxAmt |
| Distributable Before Adj | $2,851,647 | DistributableBeforeAdjAmt |
| Distributable Before Ded | $2,851,647 | DistributableBeforeDedAmt |
| Distributable As Adjusted | $2,851,647 | DistributableAsAdjustedAmt |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $8,213,776 | ExpensesAndContributionsAmt |
| Qualifying Distributions | $8,213,776 | QualifyingDistributionsAmt |
Undistributed Income UndistributedIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable As Adjusted | $2,851,647 | DistributableAsAdjustedAmt |
| Excess Distribution Cyov Yr5 | $1,109,352 | ExcessDistributionCyovYr5Amt |
| Excess Distribution Cyov Yr4 | $2,225,578 | ExcessDistributionCyovYr4Amt |
| Excess Distribution Cyov Yr3 | $4,136,620 | ExcessDistributionCyovYr3Amt |
| Excess Distribution Cyov Yr2 | $3,552,115 | ExcessDistributionCyovYr2Amt |
| Excess Distribution Cyov Yr1 | $4,359,270 | ExcessDistributionCyovYr1Amt |
| Total Excess Distribution Cyov | $15,382,935 | TotalExcessDistributionCyovAmt |
| Qualifying Distributions | $8,213,776 | QualifyingDistributionsAmt |
| Applied To Current Year | $2,851,647 | AppliedToCurrentYearAmt |
| Remaining Distri From Corpus | $5,362,129 | RemainingDistriFromCorpusAmt |
| Total Corpus | $20,745,064 | TotalCorpusAmt |
| Undistributed Income CY | $0 | UndistributedIncomeCYAmt |
| Excess Distri Cyov From Yr5 | $1,109,352 | ExcessDistriCyovFromYr5Amt |
| Excess Distri Cyov To Next Yr | $19,635,712 | ExcessDistriCyovToNextYrAmt |
| Excess From Year4 | $2,225,578 | ExcessFromYear4Amt |
| Excess From Year3 | $4,136,620 | ExcessFromYear3Amt |
| Excess From Year2 | $3,552,115 | ExcessFromYear2Amt |
| Excess From Year1 | $4,359,270 | ExcessFromYear1Amt |
| Excess From Current Year | $5,362,129 | ExcessFromCurrentYearAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | NONE | ContributingManagerNm |
| Shareholder Manager | NONE | ShareholderManagerNm |
Application Submission Info ApplicationSubmissionInfoGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Person | CARLENE M CASSIDY | RecipientPersonNm |
Recipient US Address RecipientUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 275 WEST ST SUITE 109 | AddressLine1Txt |
| City | ANNAPOLIS | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21401 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Recipient Phone | 6674587991 | RecipientPhoneNum |
| Recipient Email Address | CMCASSIDY@RATCLIFFEFOUNDATION.COM | RecipientEmailAddressTxt |
| Form And Info And Materials | A WRITTEN LETTER REGARDING THE NATURE AND USE OF REQUESTED GRANT, ALONG WITH A COPY OF THE IRS NON-PROFIT DETERMINATION LETTER, IS REQUIRED. | FormAndInfoAndMaterialsTxt |
| Submission Deadlines | THE FOUNDATION HAS NO SUBMISSION DEADLINES. | SubmissionDeadlinesTxt |
| Restrictions On Awards | THE FOUNDATION HAS NO RESTRICTIONS OR LIMITATIONS ON AWARDS. | RestrictionsOnAwardsTxt |
Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| AACC FOUNDATION - (ESI) 2022 | ||||||
| 101 COLLEGE PARKWAY | ARNOLD | MD | 210121895 | PC | UNRESTRICTED USE BY RECIPIENT | $300,000 |
| BALDWIN WALLACE UNIVERSITY | ||||||
| 275 EASTLAND ROAD | BEREA | OH | 44017 | PC | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| CCBC - 2022 | ||||||
| 7200 SOLLERS POINT RD | BALTIMORE | MD | 21222 | PC | UNRESTRICTED USE BY RECIPIENT | $137,500 |
| CHILDREN'S HOME-'20 GRANT CORR'N | ||||||
| 215 WALTHAM FARM LAND | CENTREVILLE | MD | 21617 | PC | UNRESTRICTED USE BY RECIPIENT | $70,000 |
| EASTORN SHORE CC VA | ||||||
| 29316 LANKFORD HWY | MELFA | VA | 23410 | PC | UNRESTRICTED USE BY RECIPIENT | $152,740 |
| FERRY COVE SHELLFISH GRANT 2023 | ||||||
| 21770 LOWEST WHARF ROAD | SHERWOOD | MD | 21665 | PC | UNRESTRICTED USE BY RECIPIENT | $825,000 |
| FLORIDA INTERNATIONAL UNIVERSITY | ||||||
| 11200 SW 8TH STREET | MIAMI | FL | 33199 | PC | UNRESTRICTED USE BY RECIPIENT | $625,000 |
| HARFORD COMMUNITY COLLEGE | ||||||
| 401 THOMAS RUN ROAD | BEL AIR | MD | 21015 | PC | UNRESTRICTED USE BY RECIPIENT | $540,000 |
| HORIZONS OF KENT & QUEEN - 2023 | ||||||
| 116B S LYNCHBURG STREET | CHESTERTOWN | MD | 21620 | PC | UNRESTRICTED USE BY RECIPIENT | $50,000 |
| IMET REEF - 2023 | ||||||
| 701 E PRATT STREET | BALTIMORE | MD | 21202 | PC | UNRESTRICTED USE BY RECIPIENT | $260,823 |
| MIAMI CORE '20 | ||||||
| 1501 NW 9TH AVE 219 | MIAMI | FL | 33136 | PC | UNRESTRICTED USE BY RECIPIENT | $333,333 |
| MICA | ||||||
| 1300 W MOUNT ROYAL AVE | BALTIMORE | MD | 21217 | PC | UNRESTRICTED USE BY RECIPIENT | $882,000 |
| MOUNTAIN GATEWAY CC | ||||||
| 1000 COLLEGE DRIVE | CLIFTON | VA | 24422 | PC | UNRESTRICTED USE BY RECIPIENT | $280,000 |
| NACCE - 2023 | ||||||
| 1 FEDERAL ST BLDG 101 | SPRINGFIELD | MA | 01105 | PC | UNRESTRICTED USE BY RECIPIENT | $170,000 |
| PROJECT OPPORTUNITY - 2023 | ||||||
| 31901 TRI-COUNTY WAY | SALISBURY | MD | 21804 | PC | UNRESTRICTED USE BY RECIPIENT | $94,971 |
| SU FOUNDATION - WM P BURKE SCHOLARS | ||||||
| 1101 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $25,000 |
| SU NEW | ||||||
| 1101 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $300,000 |
| TIDEWATER BOAT | ||||||
| PO BOX 1243 | NORFOLK | VA | 23501 | PC | UNRESTRICTED USE BY RECIPIENT | $50,000 |
| UB 2022 | ||||||
| 1420 N CHARLES STREET | BALTIMORE | MD | 21201 | PC | UNRESTRICTED USE BY RECIPIENT | $125,000 |
| UNIVERSITY OF DELAWARE REEF | ||||||
| 83 E MAIN ST 3RD FLOOR | NEWARK | DE | 19716 | PC | UNRESTRICTED USE BY RECIPIENT | $149,200 |
| YMCA OF QUEEN ANNE'S COUNTY | ||||||
| 1210 VINCIT ST | CENTERVILLE | MD | 21617 | PC | UNRESTRICTED USE BY RECIPIENT | $2,500,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Pd Dur Yr | $7,970,567 | TotalGrantOrContriPdDurYrAmt |
Grant Or Contri Apprv For Fut GrantOrContriApprvForFutGrp (6 entries)
| Address Line1RecipientUSAddress/AddressLine1Txt | CityRecipientUSAddress/CityNm | State AbbreviationRecipientUSAddress/StateAbbreviationCd | ZIPRecipientUSAddress/ZIPCd | Recipient Foundation StatusRecipientFoundationStatusTxt | Grant Or Contribution PurposeGrantOrContributionPurposeTxt | AmtAmt |
|---|---|---|---|---|---|---|
| HORIZONS OF KENT & QUEEN - 2023 | ||||||
| 116B S LYNCHBURG STREET | CHESTERTOWN | MD | 21620 | PC | UNRESTRICTED USE BY RECIPIENT | $100,000 |
| IMET REEF - 2023 | ||||||
| 701 E PRATT STREET | BALTIMORE | MD | 21202 | PC | UNRESTRICTED USE BY RECIPIENT | $1,089,755 |
| MOUNTAIN GATEWAY CC | ||||||
| 1000 COLLEGE DRIVE | CLIFTON | VA | 24422 | PC | UNRESTRICTED USE BY RECIPIENT | $60,000 |
| NACCE - 2023 | ||||||
| 1 FEDERAL ST BLDG 101 | SPRINGFIELD | MA | 01105 | PC | UNRESTRICTED USE BY RECIPIENT | $340,000 |
| PROJECT OPPORTUNITY - 2023 | ||||||
| 31901 TRI-COUNTY WAY | SALISBURY | MD | 21804 | PC | UNRESTRICTED USE BY RECIPIENT | $189,942 |
| SU NEW | ||||||
| 1101 CAMDEN AVENUE | SALISBURY | MD | 21801 | PC | UNRESTRICTED USE BY RECIPIENT | $600,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Grant Or Contri Apprv Fut | $2,379,697 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $421,148 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $1,009,433 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,630,043 | ExclusionAmt |
Other Revenue Described OtherRevenueDescribedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANOUS INCOME | Desc |
| Related Or Exempt Function Incm | $69,481 | RelatedOrExemptFunctionIncmAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | $3,060,624 | ExclusionAmt |
| Related Or Exempt Function Incm | $69,481 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $3,130,105 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | false | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | false | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | false | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | false | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | false | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | false | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | false | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | false | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | false | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | false | RelationshipsNonchrtblEOInd |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $41,759 | Amt |
Depreciation Schedule DepreciationSchedule
Depreciation Property DepreciationPropertyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Prior Year Depreciation | $2,394 | PriorYearDepreciationAmt |
| Current Year Expense | $1,409 | CurrentYearExpenseAmt |
Investments Corp Bonds Schedule InvestmentsCorpBondsSchedule
Investments Corporate Bonds InvestmentsCorporateBondsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Bond | MERRILL LYNCH ACCT 9847 - BONDS | BondNm |
| EOY Book Value | $10,224,603 | EOYBookValueAmt |
| EOYFMV | $9,919,864 | EOYFMVAmt |
Investments Corp Stock Schedule InvestmentsCorpStockSchedule
Investments Corporate Stock InvestmentsCorporateStockGrp (10 entries)
| StockStockNm | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|
| MARKETABLE SECURITIES-GOLDMAN SACHS | $15,342,702 | $19,126,095 |
| MORGAN STANLEY ACCT1453-SECURITIES | $5,538,345 | $5,712,616 |
| MERRILL LYNCH ACCT 9847-SECURITIES | $5,255,192 | $7,254,803 |
| MORGAN STANLEY ACCT1870-SECURITIES | $2,498,842 | $3,604,658 |
| MORGAN STANLEY ACCT1869-SECURITIES | $2,477,867 | $3,644,545 |
| MORGAN STANLEY ACCT1867 (9381) | $1,770,465 | $2,224,610 |
| MORGAN STANLEY ACCT1871-SECURITIES | $841,243 | $1,255,201 |
| MORGAN STANLEY ACCT1872-SECURITIES | $659,128 | $913,405 |
| MORGAN STANLEY ACCT1868-SECURITIES | $419,844 | $488,568 |
| INVESTMENT IN PINNACLE CARE |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT IN PER HOLDINGS | AT COST | $1,606,913 | $1,606,913 |
| LOAN RECEIVABLE | AT COST | $500,000 | $500,000 |
| INVESTMENT VINTAGE IX OFFSHORE | AT COST | $153,749 | $153,749 |
| INVESTMENT IN QUESTMARK PARTNERS III | AT COST | $95,089 | $95,089 |
Land Etc Schedule2 LandEtcSchedule2
Land Etc LandEtcGrp (4 entries)
| Category Or ItemCategoryOrItemTxt | Cost Or Other BasisCostOrOtherBasisAmt | Book ValueBookValueAmt | Accumulated DepreciationAccumulatedDepreciationAmt |
|---|---|---|---|
| BUILDING - FERRY COVE PROJECT | $17,361,276 | $17,361,276 | |
| EQUIPMENT - FERRY COVE PROJECT | $848,192 | $848,192 | |
| FURNITURE | $9,863 | $5,566 | $4,297 |
| LAND - FERRY COVE PROJECT | $1,174,859 | $1,174,859 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $2,700 | LegalFeesAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | ORGANIZATION EXPENSES | Desc |
| BOY Book Value | $4,765 | BOYBookValueAmt |
| EOY Book Value | $4,765 | EOYBookValueAmt |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail (3 entries)
| DescDesc | AmtAmt |
|---|---|
| BEGINNING PREPAID TAX ADJUSTMENT | $35,871 |
| BOOK/1099 INVESTMENT VARIANCE | $17,529 |
| OTHER INVESTMENT VARIANCE | $7,179 |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (14 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|
| EXPENSES | ||
| INSURANCE | $22,155 | $2,216 |
| PORTFOLIO EXPENSES | $12,164 | |
| OFFICE EXPENSES | $9,644 | $9,644 |
| EQUIPMENT EXPENSE | $4,715 | |
| TELEPHONE | $4,692 | |
| GIFTS | $4,415 | |
| TRAINING & DEVELOPMENT | $3,996 | |
| SUPPLIES & SOFTWARE | $3,378 | |
| DUES & SUBCRIPTIONS | $1,399 | |
| BANK CHARGES | $990 | $900 |
| CHARITABLE CONTRIBUTION | $500 | |
| POSTAGE & DELIVERY | $195 | |
| ROUNDING ADJUSTMENT | -$1 |
Other Income Schedule2 OtherIncomeSchedule2
Other Income Detail OtherIncomeDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANOUS INCOME | Desc |
| Revenue And Expenses Per Books | $69,481 | RevenueAndExpensesPerBooksAmt |
| Net Investment Income | $69,481 | NetInvestmentIncomeAmt |
Other Increases Schedule OtherIncreasesSchedule
Other Increases Detail OtherIncreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DISALLOWED WASH SALES | Desc |
| Amt | $22,472 | Amt |
Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2
Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp
Organization501c3 Name Organization501c3Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LOAN RECEIVABLE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Balance Due | $22,276 | BalanceDueAmt |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|
| INVESTMENT FEES | $299,709 | $299,709 |
| PAYROLL SERVICES | $5,639 | |
| OTHER PROFESSIONAL FEES | $3,652 |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Net Investment IncomeNetInvestmentIncomeAmt |
|---|---|---|---|
| 2023 990-PF TAX | $39,328 | $39,328 | |
| OTHER TAXES | $21,036 | ||
| K-1 BLACKSTONE FOREIGN TAX | $488 | $488 |